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via economictimes.indiatimes.comMarkets

Indus Towers Q2 net profit slips 2.5% to Rs 1,793 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Indus Towers reported a 2.5% decline in consolidated net profit for the second quarter ended September 30. The company experienced a 4% increase in consolidated revenue, while EBITDA saw a slight rise of 0.4%. Tower and co-location bases grew by 5.6% and 5.9%, respectively…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishQuarterly results show profit decline despite revenue growth, relevant for the telecom towers sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated net profit fell 2.5% in the quarter ended September 30.
  2. 02Consolidated revenue increased 4%.
  3. 03Tower and co-location bases grew 5.6% and 5.9% respectively.

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